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DOW JONES Technical analysis 12 March 2018

2018-03-12 12:57 am | Resource: Technical Analysis | No Views : 204

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a bullish direction in the near term
The Purchasing power managed to control the movement of the Dow Jones to bounce the DOW JONES  to the resistance level 25346
And looking at  the technical indicators
Both the RSI and the Stochastic are indicating that indicators are beginning to reach the oversold area
Accordingly, we expect that  the Dow Jones to retreat level of 25068 and then rise again to target 25568
The alternative scenario is  that the Dow Jones  will  fall to levels of  24631
Resistance: 25346 -25568 - 25809
Support: 25068 - 24631 - 24409
Direction: Up

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